Asked by
Litzy Trevino
on Nov 26, 2024Verified
When firms give away "freebies" like free apps, free checking accounts, free maps, or free toothbrushes, they are contradicting economists' contention that "there is no free lunch."
Freebies
Items or services given away for free, often used as a marketing or promotional tool.
Economists
Professionals who study how societies use resources such as raw materials, labor, and capital to produce goods and services and distribute them among the population.
- Understand the concept of "there is no free lunch" in economics.
Verified Answer
JM
Learning Objectives
- Understand the concept of "there is no free lunch" in economics.